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for his domestic initiative while also strengthening the deficit. >> host: dan, republican caller. >> caller: i was just listening earlier to a caller talking about the epa, and they talked about bill companies getting all these breaks. based on what i've read and found out on the internet is a pay $60 million a day in places, in taxes. and how you going to pay that if you shut down the oil companies and the guy that's supplying the energy for the united states? >> host: where did you read they pay for leasing of the land and taxes? >> caller: that's just on the internet. >> host: zachary goldfarb, the oil companies and gas company to pay taxes and they do have to pay the federal government to lease these lands. >> guest: that's right. the reason the government thinks is there is its multiple. first, the government belief these are public lands in many cases and some some of the benefits of that oil and gas should spread the people in those committees and around the country and not just into the pockets of the company. secondly, there is enforcement, environmental regulations in t
's fiscal outlook. we have cut the deficit in half as a share of the economy, experiencing the fastest fury of deficit reduction since the demobilization of world war ii. the budget continues this progress. bringing deficits down to a share of the economy to 2% by 2023 and putting the debt on a declining path. we've seen a notable and significant decline in health care spending growth over the last few years, in part due to the affordable care act, we know that over the long run, the growth of the health care costs continues to be our nation's most pressing fiscal challenge. that is why the budget builds on the savings and reforms to health reform law with additional measures to strengthen medicare and medicaid and encourage high-quality and efficient health care. we also know that revenue has to be a part of the solution to our nation's long-term fiscal challenges. given the aging of our population and the declining ratio of workers to retirees, we will need additional revenue to maintain our commitment to seniors, while also making the investments that are needed to grow our economy and e
for me. >> since president has been in office we have reached the point where cutting the annual deficit in half to reduce the overall debt of united states by $3 trillion over the next 10 years. neil: i heard that it stuck with me i immediately said he just out to an allied made ising the debt is coming down it will shrink $3 trillion over the next 10 years? it is what. what will happen is it will grow $3 trillion less than rethought. that is a big difference. said debt will grow at 21. 3 trillion that is not the but the cbo. it is not the $3 trillion decrease but $8 trillion increase may be sheikh factors in those savings but so far that does not mean fear is less red ink. but with washington less than we feared so no need to fear. not so fast. it is a twisted way that the senator says we're making progress. because if you define progress then you must be forgetting you are digging a hole consists of a. it is time for the wake-up call the debt is getting bigger. that is like me saying i m projected to gain 50 pounds over the next decade but i am only gaining four days so i lost 10 poun
the annual deficit in half to reduce the overall debt of united states by $3 trillion over the next 10 years. neil: i heard that it stuck with me i immediately said he just out to an allied made i the debt is coming down it will shrink $3 trillion over the next 10 years? it is what. what will happen is it will grow $3 trillion less than rethought. that is a big didifference. said debwill grow at 21. 3 trillion that is not the but the cbo. it is not the $3 trillion decrease but $8 trillion increase may be sheikh factors in those savings but so far that does not mean fear is less red ink. but with washington less than we feared so no need to fear. not so fast. it is a twisted way that the senator says we're making progress. because if you define progress then you must be forgetting you are digging a hole consists of a. it is time for the wake-up call the debt is gettingg bier. that is like me sayi i m projected to gain 50 pounds over the next decade but i am only gaining four days so i lost 10 pounds. but i did not gain 40 pounds? it could have been 50 but fat chance we would die this. what do
. at the same time bush gave huge tax breaks to the wealthiest people in this country. ran up a huge deficit. then under obama the republicans come back. they say, gee, we have a terrible deficit. we're going to have to cut social security, medicare, medicaid, education, environmental protection. the needs of the kids' nutrition programs because of this deficit. so if you are asking me, do i this i that same set of policies will play out? more money for defense, then rising deficits and then cutbacks on programs that middle class and working families need? absolutely, that is what will happen. >> what is going to happen to these veterans, now, senator, if they're not going to get this kind of funding. there are a lot of veterans in this country that are being undercut, that are not being -- our obligation, we are not living up to our obligations because of war and budget cuts. so what does that say to the next generation thinking of a career in the military? >> that's a very important point. it says if we cannot keep faith with those people really hurting as a result of service to this count
opportunity for americans. at a time when our deficit has been cut in half, it enables us to meet our obligations to future generations without a mountain of debt. this adheres to the spending principles members of both houses and both parties agreed to. it also builds on that progress with what we are calling an opportunity, growth, and security initiative, that invests in our economic opportunities in a way that is paid for by making smart spending cuts and closing tax loopholes that right now only benefit the well-off and well-connected. i will give you an example. the tax system provides benefits to wealthy individuals who save, even after they have amassed multimillion dollar retirement accounts. by closing that loophole, we can help create jobs and grow the economy, and expand opportunity without adding a dime to the deficit. we know the country that wins the race for new technology will win the race for new jobs, so this creates 45 high-tech minute extra pounds where businesses and universities will partner to turn groundbreaking research into new industries and new jobs made i
convince the american people it would be different this time. >> i will. the worst budget deficit under george bush happened in his last term in office. that's when nancy pelosi was speaker of the house. budget ra $450 billion. president obama blew through those deficits. he had in excess of trillion dollar deficits year after year. what the republicans were able to do in the house is not continue that level of trajectory. has spending gone up? it absolutely has. but the level has slowed down and -- >> i get the feeling, congresswoman, maybe not you in particular, a lot of your party are giving up the fight and keeping the powder dry and hoping at the end of the year pick up more seats in the house and maybe take the senate and you bet you that will be the time when republicans get serious. but is that a lot to hang your hat on? >> well, what we need to hang our hat on is boosting the labor force participation rate. we're at the lowest level ever for anyone over age 16 actually having a job in the labor force and in a full-time capacity. that has to change. and unfortunately the preside
are going to make up anymore of this deficit, it is going to happen in the next four weeks. i am happy to report it will keep happening. the rim of high pressure is now way down -- ridge of high pressure is now way down south. i had to zoom the map out to show places in california. the high pressure has gone on spring break. allows storms to ride up over top of the ridge of high pressure right into northern california. the ridge is no long raploching the rhode island it is actually giving it -- longer blocking the rain. rain overnight. rain will be done by the drive you drive back to work tomorrow. staying unsettled. another low pressure area with the same storm track on thursday. another one coming up over the weekend. san rafael 66. fremont 64. mountain view 66 degrees tomorrow. check out the highs. they will be close to 70 even with cloudy conditions. another round of rain on thursday. the two nicest days to ghettoed will be friday and saturday up into the low 70ed with sunshine. for the second half of the weekend, here comes the third wave of rainfall with highs in the upper 60s. n
deficit has been cut in half. it allows us to meet our obligations to future generations. from the heard president, deficit picture is looking better. much so that levels will be below where they were before the budget crisis. >> how do republicans react to away from the emphasis on deficit reduction act out >? >> john baeder came out and said that this was the most irresponsible budget yet of the obama has proposed. the president laster put out an all french to republicans and said he was willing to make changes to social security, medicare and other entitlement programs. those are all gone this year. for republicans to look at these budgets in the lines of what the established last year in terms of topline numbers under the agreement, this budget is something that will not move in the house of republicans. are viewed asts more of political documents as opposed to policy proposals. >> that really is right. especially this year. yep midterms coming up in november. the white house wanted to lay out policy priorities going forward to follow through on over the next eight months. the presid
issue right now, deficit, debt, from the ministrations point of view, it is not something are focusing on right now. >> take you for setting the scene. -- thank you for setting the scene. york, our guest host, we have the chart of earlier. it is a massive victory lap. can we get back to a surplus? can we get back to that surplus? >> that is certainly not on the near-term horizon. what is important to note, three years ago the deficit was 10% of tdp and this year, 3%. it wasn't pretty. it didn't look like the civics textbooks, but we have a lot of deficit reduction. we had the ryan murphy agreement. it basically takes fiscal policy off the table for the next two years. barring a dramatic or election outcome in november, the administration will be status quo for 2017. >> are you willing to say austerity in the u.s. worked while austerity in europe did not work question mark -- work? able to register economic growth. it has been sluggish. europe has not been able to pull it off and a big impact of the fed he been the economy supported. >> the former fed governor, wonderful textbook, i don
could save. liberty mutual insurance. responsibility. what's your policy? >>> the federal deficit plunged by more than $400 in the last fiscal deficit. the sharpest drop since the end of world war ii. alison kosik is in new york to tell us why this happened. >> the federal budget deficit is at its lowest level in five years. the deficit is the difference between what the government spends and takes in. that dropped to $680 billion in 2013. to give you some perspective, during the financial crisis, it shot up above $1 trill in 2009 as the economy tanked and government bailouts became the norm. here is why it is happening. the economy is getting better over the last few years. the deficit has been shrinking. also, we are paying higher taxes. all that means more revenue for the government. the government has cut back on spending. the republicans, they still insist that the budget deficit is still too large. if they are looking for a fight, they may not get it. congress agreed to a bipartisan budget deal. mid-term elections are coming in the fall. a strengthening economy is removing m
with opportunity for all americans. at a time when the deficit is cut in half this allows us to meet our obligations to future generations without leaving them a mountain of debt. to the balance in congress but it also builds up on that progress with what we are calling an opportunity, growth and security initiative, that invests in our economic priorities in a smart way that is paid for with smart spending cuts and closing tax loopholes that right now only benefit the well-off and the well-connected. i will give you an example. right now the tax system provides benefits to wealthy individuals who save after they have amassed multimillion dollar retirement accounts. by closing that loophole we can help create jobs and grow the economy, and expand opportunity without adding a dime to the deficit. we know that the country that wins the race for new technologies will win new jobs so this creates 45 high-tech manufacturing hubs where universities and businesses will work for groundbreaking technology for new jobs in america. part of the reason we're here today is because education has to sta
to the federal deficit. h.r. 3370 enables congress to develop a long-term solution that protects local economies and holds government accountable. i yield back the balance of my time. the speaker pro tempore: the gentleman's time has expired. for what purpose does the gentlelady from maine seek recognition? >> to address the house for one minute and revise and extend my remarks. the speaker pro tempore: without objection, the gentlelady is recognized for one minute. ms. pin grow: thank you, mr. speaker. mr. speaker, i want to talk for two girls from maine. they both celebrated their eighth birthdays last month and are in second grade. ms. pingree: since their presents are just days apart they decided to have a joint birthday present. instead of presents, they asked for people to bring the most needed items from the food pantry. there was never a suggestion from a parent or teacher to do this, they planned it all themselves. i agree with their teach whore said, these two girls have some of the biggest hearts she's ever seen. their compassion and generosity is inspiring and i want to recognize and
to the flood insurance program which is 24 billion in deficit spending. will this legislation put us further into the deficit? >> no, not at all. in fact, this bill, unlike the senate version which, you know there was a lot of discussion over the senate version, this bill is actually 100% paid for, and, generates about $165 million, according to the cbo, of revenue over five years. so it pays for itself. it is not a tax because it, it pays for itself only for those within the national flood insurance program. so if you're not in a flood zone and you don't have flood insurance, this doesn't affect you. but if you are in the flood insurance program and your primary residence you will pay a user fee to pay in the program of $25 a year. very reasonable. that will pay for the program. gerri: i got it tell you, 200 million over five years? that doesn't do anything over4 billion in debt the program is already n how will we pay that off? >> well it is still better than nothing. had we done nothing, there wouldn't be 165 million toward that debt. that is number one. second thing that number is not co
budget cuts through the 2011 deficit-driven tea party threat to default on the debt. and now chuck hagel is carrying those out and folks like senator rubio and other colleagues are saying we don't like the thing we made you do under the threat of default. >> there is no democrat that causes them more trouble than what 2ed cruz causes them. they don't have a majority in the senate, the republicans don't, because of ted cruz and his ilk who have been pushing these candidates who can't possibly win when they get the nomination. the democrats have to secretly be watching this and whatever, you know, personal dislike they have for cruz, they have to sit there in the senate and go we are so lucky that ted cruz is just ruining life for republicans in the senate. >> oh, yeah. democrats absolutely feel he's been a huge thorn in the side. he's a messaging nightmare. and when it comes to senate parliamentary procedure, which is something you and i happen to have the benefit of knowing a little bit about. he's also a liar. and it makes republicans look really bad. there is such a thing as a real fil
that there are lots of issues that are important. let's start wwth the debt. let's start with the incredible deficit and the size of government. >> we have a tax problem and a spending problem. and it basically came to a grounding all. lou: what are you going to do about lois lerner? dirty have the attorney general in contempt. what are you going to do a former senior irs official? he's basically told you guys to buzz off. i have a bill, hr 1950 that criminalizes this action. lou: retroactively? >> the question is what are you going to do about lois lerner who has told you guys to buzz off. >> we are going to make certain that there are two aspects of the story are told. hold people accountable and find out who did this. and you move forward with the legislation that holds people accountable if it haapens again. and i think the american people are shocked at what has occurred at the irs that the administration is doing nothing and we are going to work diligently to hold these people accountable to make sure this doesn't happen again. lou: no one is a bbgger fan of darrell issa than i am. and i think
with the incredible deficit and the size of government. >> we have a tax problem and a spendi problem. and it basically came to a grounding al. lou: what are you going to do about lois lerr? dirty have the attorney general in contempt. what are you going to do a former senior irs offcial? he's basically told you guys to buzz off. i have a bill, hrr 1950 that iminalizes this action. lou: retroactively? >> the questio is what are you going to do about lois lerner who has told you guys to buzz off. >> we are going to make certain that there are two aspects of the story are told. hold people accountable and find out who did this. and you move forward with the legislation that holds people accountable if it haapens again. and i think the american people are shocked at what has occurred at the irs that the administration is doing nothing and we are going to work diligentlto hold these people accountable to make re this doesn't happen again. lou: no one is a bbgger fan of darrell issa than i am. and i think you know that. you and your committee have done brilliant work. i do think that you r
said she was disappointed that it doesn't take any steps to reduce the deficit by raising taxes on upper income americans and senator schumer who is from new york which is one of the highest state taxes in the country took issue with the fact that it eliminates the ability of state and local taxation which is a big thing in california, new york and other high tax states. so they're picking it apart in a way that suggests they're not interested in engaging on it or using it as a starting point. i would like to see them do it just to see where they get. i don't think it would happen, but i think it would be fascinating and it's a real opportunity that sthey shouldn' write-off. >> and on the democrat being side, this proposal includes a bank tax. there are a numb democrchmber o eliminates the so-called carry interest about thatthis proposa tax. there are a number of -- and eliminates the so-called carry interest about that a up 1/2 democrat would be uncomfortable with that as well. >> including schumer. >> exactly. >> earlier brian said something about troll going and i feel they h
to really put a dent in our rainfall deficit so i look a little bit longer into the forecast feature few minutes with the accu-weather 7 day forecast. >> see you shortly. hundreds of people gather tonight to remember a martinez teenager killed by train over the weekend. freight train hit 14-year-old janet sunday as she tried to retrieve a cell phone she dropped while walking along the track with a friend. this is video from tonight vigil for her at her school. martinez junior high school. about 1,000 friends classmates teachers and neighbors showed up. there were a lot of tears as they lit candle and shared stories of her telling them what she meant to them. she died so tragically at 14. so many came to remember her tonight though. >> turns out transgender teenager who reported being assault entered a high school restroom made up the whole story. the transgender student identifies as male told police he was assaulted physically and sexually in a boy bathroom at hercules high school. that was yesterday. today police said it was all false. investigators got suspicious when they
persistent concerns and deficits over the course of the year under the previous government and current government with respect to freedom of association, freedom of assembly, security force abuses, protection of religious minorities. >> countries like china, turkey and saudi arabia were mentioned in the report for renewing restrictions of press freedoms. >> throughout the year many individuals were silenced as well. the saudi blog was sentenced to prison and 600 lashes for espousing liberal thought. >> much of the world live under authoritarian rule and many realities do not compliment international laws. in recent decades democratization and economic progress has i lifted hundreds of millions of people out of depression and depravation. the world is a better place than it's been for more people in more places than ever. but beatings, jailings, discriminations, overbearing state power and in some places state instability in others still threaten the lives of many. we have with us director of freedom houses, freedom of the press index which evaluate the press freedom everywhere in the w
is trying to cover a $142 million budget deficit. >>> a lot more to come. we are tracking the storm. another bout of rain hitting the area. details of the possibility of thunderstorms. >> i am live on the red carpet at the academy awards in l.a. it has been a wild weather ride here today under the big top. rain highlights and oscar preps coming up next. >> thanks. an undieing love. the promise he made to his young bride after learning he had only six months to live. abc7 news continues in a moment. stay with us. is more fun than ever. sees better than ever. ♪ charges faster. and will charge. cool. and heat. from your phone. fact: leaf never needs gas. ever. good for the world. built in america. now, leaf's an easier choice than ever. ♪ shop at choosenissan.com. ♪ the oscars are on sunday on abc7. they were a little worried about the weather down there too, but for the most part it is about the excitement of hollywood's biggest night. katie is in l.a. covering the academy awards for us all weekend. katie, it has to be a fun assignment. >> hey there, dan. right now i have the red carpet
in 2018. the bridge district is trying to cover a $142 million budget deficit. >>> a lot more to come. we are tracking the storm. another bout of rain hitting the area. details of the possibility of thunderstorms. >> i am live on the red carpet at the academy awards in l.a. it has been a wild weather ride here today under the big top. rain highlights and oscar preps coming up next. >> thanks. an undieing love. the promise he made to his young bride after learning he had only six months to live. abc7 news continues in a moment. stay with us. charles not having coverage stressed me out. i literally haven't been to a doctor in 15 years. i had a car accident when i was uninsured, and i declined medical assistance because it was gonna be too expensive. as a result, i deal with back pain on a pretty regular basis. after it had built up for so long of not having insurance, i couldn't believe that it was just that easy. it was just nice to have a plan that was a reasonable monthly premium. i'm in because i don't want to put a price on my health. [ female announcer ] everyone deserves health insur
on a severe deficit. the storm brought heavy surf, including a huge wave that crashed into a restaurant in santa barbara yesterday morning. to the south, residents were cleaning up today from flooding and mudflows in the los angeles area. that dropped anywhere from a couple of ifnches to almost a foot of rain on the state. >>> when "nbc nightly news" continues on this sunday, was it murder, or was it an accident? the trial of former olympian oscar pistorius gets under way in south africa. >>> and later, a royal road trip. the first for britain's newest little prince. >>> he is one of his country's greatest athletes, a symbol of triumph over adversity that carried oscar pistorius with his artificial legs all the way to the olympics two summers ago, representing south africa. but tomorrow he faces what perhaps will be his greatest challenge as he goes on trial, charged with murdering his girlfriend. our report tonight from nbc's ayman mohyeldin in pretoria. >> reporter: it's being called south africa's atrial of the century. a star athlete who defied the odds to become the first runner to
they did not vote on the total budget, deficit or surplus if there was one. this is to get them to vote for a budget resolution one place, one time and then run for election on your vote. that stopped. they didn't want to vote for this, and there is no penalty for not voting in it. and then congress doesn't feel they have any obligation to pass one of its own. the process needs to be completely redone. it's not shown that anyone has the testicular fortitude to do it. >> the debt limit is not the place to be having a discussion wherof how you spend your money. this is interesting to me that conservative members of congress are having their cake and eating it, but at the same time not able to prioritize spending the way they would actually like. >> well, let's remember that the conservative members like liberal members can't make decisions unilaterally. i'm sure if the conservatives had the power with the hype see. they probably have trouble getting the support with the reading of the lord's prayer these days. but when it comes to taxes and budget and taxes debt, it's difficult because th
in the next couple months we'll continue to take a big deficit out of the drought. and that is so great to be able to tell you guys. back to you scott and peggy. >>> steph curry gets outshot at practice, but not by a teammate. >> we'll show it to you after the break. >>> 11:23 right now. cool video to show you right now of the warriors all-star and three point shooter going head to head with his coach. the 25-year-old curry in a shoot out with 49 erld mark jackson. curry is arguably the best three-point shooter in the nba, but he can't beat jackson. jackson also played ball. he won all three rounds of the shooting contest. the old guy beating the young guy. >> that's good. >> this morning, john travolta is apologizing for the flub he had on oscar night. >> just one name to say. . he really butchered a name while introducing a singer. >> the one and only -- >> with over 50 million watching. he seemed to say adele daziem. he says that she would tell him to, quote, let it go, let it go. this is going on day three now. >> the unbelievable -- yeah. cross country match making. >> and a dating
6:00 and those without 7:00. the bridge district is trying to cover 142-month-old budget deficit. coming up next, lisa argen will have your accuweather forecast. >> yeah. hi, matt. it is a little wet out here. we are lacking at breezy winds and still showers in your weekend forecast. 54 trees in san francisco. this is a view from our sutro tower. and plenty of showers south of the city. i'll detail your forecast when we return. >> also next, a wild weather ride on the red carpet in l.a. as crews try to get ready for tomorrow night's oscars. imagine a car that gets 1,000 miles a gallon. that's the goal of some bay area students who plan to test their invention in a cros we love this! what's next? great! do you have measurements? yeah, i paced it off. it's about twenty by twelve of these. so, we can measure, plan and install it for you. yea, let's do that! ikea. professional kitchen services at a low price. [man] no one told her,right? [son]hi! [mom screams] give him the tour.heer]is k! let me show you! soft-close drawers, farm sink! um... where's my room? we had to take just a lit
to recover a $142 million deficit. it's raining outside right now in many parts of the bay area. here's lisa argen with the details. >> good morning to you. the rain is minely light. it's a bit breezy and the heaviest cells sit offshore as the area of low pressure continues to sink to the south and east of the bay. that means it will take the rain with it. a washout not in store for your saturday. in fact some sunny breaks ahead. we will talk about that and a return to more wet weather in the days ahead in a few minutes. >> thanks, lisa. also next the wild weather ride on the red carpet in l.a. as crews try to get ready for tomorrow night's oscars. and a car that gets 1,000 miles a gallon? that's the goal after student who plan to test their invention in a ♪ [ male announcer ] spring is calling. get sta-green fertilizer now just $8 at lowe's. ♪ at kaiser permanente we'vezer reduced serious heart attacks by 62%, which makes days with grandpa jack 100% more possible. join us at kp.org and thrive. >> good morning. here's a live look at doppler 7hd. the radar is showing some rain in parts of
it toward deficit reduction and investing in america, our roads, our bridges, our schools our health care system, our priorities demand it and require it, afghanistan is now the most corrupt nation in the world. afghanistan supplies more illegal drugs to the rest of the world than any -- all the rest of the nations combined. it's time to end our involvement and stop that shameful waste of american taxpayers' and patriots' blood and treasure. thank you, mr. speaker. the speaker pro tempore: for what purpose does the gentleman from virginia seek recognition? >> i ask unanimous consent to address the house for one minute. the speaker pro tempore: without objection, so order. mr. mcdermott: mr. speaker, you listen to the other side, you'd think that the costs of the environmental protection agency's efforts to reduce demrobal warming and to protect our environment are breaking the back of our economy. but it's hardly the case. what's really beginning to break the back of our economy is the cost associated with extreme weather events. from hurricane sandy to the droughts in the midwest and the
he is recommending for each show agency and the deficit projections for 10 years. they say it will be low work, but how to make at work. obama will not be including the chain cpi proposal. inflation is measured that would have the effect of lowering social security benefits and other federal benefits. the aarp andsed by liberals in congress. arguing itthat out, was a all a branch for republicans. not willing to do a big deal on the deficit in order to get things under control. by taking that out, they will lose 230 billion or so in deficit reduction. already we know one of the ways will be assuming the senate passes and immigration overall. go much does that cost you these are the kinds of things we will be looking for. perhaps the least effective budgets we have seen in years because congress are it has a toplines appropriations number for this year. they are are ready holding hearings. this is entitlement overhaul out of the midterm. how is the budget actually released today, and to are the surrogates that the white house is sending to capitol hill over the next coming da
applaud the fact there is over $200 billion of deficit reduction in the affordable care act if we can find additional savings and replace lost revenue, we are certainly open to that discussion. i rise in celebration of having width stood 50 repeal votes. we are ready for the next 50. we use these opportunities to highlight the american people on the benefits of the affordable care act. and to say we are ready to have a real discussion with republicans to exert our legislative privilege to make changes. in the absence of that we applaud the president in using the ability that is we gave him under the act to help make sure the affordable care act truly makes health care more affordable for american families. i reserve the balance of my time. the speaker pro tempore: the gentleman from colorado reserves. the gentleman from texas. mr. burgess: i yield myself two minutes. the speaker pro tempore: the gentleman is recognized, two minutes. mr. burgess: mr. speaker, here's the affordable care act. the president said it's the law of the land. how does it describe the effective date for the individu
lending that will be done. in other words, the tax will go not to reduce the deficit or debt and it will be less lending. why would we be doing that? it makes no sense. spoke with a hunt representative and i want to get your take. to 25, and you are right, 99% of taxpayers will be at 25% or less. 99% and a when i was in school. what we do that is have trade-offs. >> back to the one percent argument. does this thing stand a snowballs chance in hell passing? >> for the bank tax, i hope not, cost -- because you will have less lending. the panel that i was on, and simpson bowles, better known to the general public, we all recommended dramatic reduction rates and elimination of most exemptions, deductions, and credits. that is the only way you solve the problem. if you go at it piecemeal, whether a bank tax on mortgage interest eduction, you never get it resolved. the reality is you want to balance the budget and get the debt in line with where it ought to be. you are going to have to do very dramatic things. i am glad that conversation is starting. you are known as one of the mos
broken, it's costing taxpayer money, covered california will be going into deficit -- >> the irony there -- you know your state betterment you have a democratic governor, democrats in control of both houses in the legislature. i see this in maryland where the democrats run the show, enif you want to lay it on the republicans and whether they go along, it's fraction of the problems they're encountering now. so you have to worry more, those who are pushing the healthcare law, be they on left or the right. you have to look under your own hood because it's your own party's governors jostling the problem. >> they don't want to look under their own hood. they want to blame the republicans. blame everybody but themselves -- >> or just rush the signups like we saw in maryland and ask questions later, just get them in, get them in, get them. in, ask questions later. >> they're in panic mode. they see the failure and they want to shift the blame, but what has to happen, the governors and the state legislatures that are supporting obamacare, the senators and congressmen that are supporting ob
not a wit of care to the working and unemployed. they talk about obsessions with deficits and debt. and then they refuse to raise revenue in any form or fashion. >> advertisement reform with the chained cpi last year. they don't back him when he is trying to do what they say they want to do. >> they predicate their position on ignorance. and nobody actually calling them out. i mean, the sound that you played at the beginning of this segment, that's the -- that's all you need to know about the republican party. on the one hand, on the other hand. and in the meantime, if you ever ask them for a meaningful piece of policy, of governable policy, they have nothing. >> you know the guy's running around a big arena, trying to get to the farthest right. well, they always want to be the hardest rail to the right. take a look at lindsey graham here, who seems oftentimes a reasonable guy, but he is so scared of looking reasonable because it will get him killed in south carolina. on twitter he wrote today, isn't it original? it started with benghazi. when you kill americans and nobody pays a p
'd have to keep mentioning it. we are reduce ug the budget deficit through the a.c. avment i know our colleagues on the other side of the aisle are very, very careful about budget deficits. good. they should be. well, health care costs are declining and declining significantly. some of that is due to the recession, but almost every expert says much of that is due to the a.c.a. national health care expenditures, for instance, in 2012 grew by 3.7%, meaning that the growth from 2009 to 2012 was the slowest since government collected information. and that was in the 1960's. the percentage of health care spending for the first time -- the percentage of g.d.p. -- actually shrunk from 17.3% to 17 230eu%. at the same time, solvency of medicare health insurance fund increased and costs declined. so this is great news. bottom line, i know our colleagues on the other side of the aisle think they've hit political gold had they attack the a.c.a. and call for its repeal. but the american people don't want repeal and, secondly, as we move on in time, the positives of a.c.a. will become more apparent
, runaway deficits, political instability, i think argentina and venezuela are headed to a chaotic political environment that is going to affect brazil and chile. as a geopolitical matter, the united states and it's relationships with south america are at risk. the oil problem is a big one. if venezuela should really go essentially belly up, that is going to--that could raise oil prices for a while to $5 to $10 a barrel. >> first of all, brazil one of the countries we've talked about for several years now as being on an economic growth terror, that's not the case. it's growth has slowed and it will grow a little less or about the same as the united states in 2014. it will start to have an impact on the world. there is a real domino affect if latin america becomes a problem. what is the effect to the rest of us? >> it's probably pretty contained. i think argentina, the reason why we're concerned about brazil is we think argentina is really going to go down. in its economy, and in its politics. and argentina buys a lot from brazil and chile, so both of those countries are going to suffer in th
deficit disorder. 25-times the risk for bipolar. and twice the risk for schizophrenia. the risk was still very low. but your risk went up as your dads age. >> these are men over 45. and any conjecture about why? anything specific? >> reporter: this doesn't prove it's age. but we know that the older you are, the more mutations there are in your sperm. and that may be the link here. it doesn't mean that you should rush out and have your kids young. but you need to know that if you wait longer, there is a risk involved. >> fathers and mothers, something to think about tonight. thank you, rich. >>> it was an emotional day, as members of the kennedy family assembled in the courtroom in new york to support one of their own today. ethel kennedy, widow of rfk, listening, as her daughter, kerry, took the stand. her daughter on trial for driving under the influence of a sleeping aid. and today, vividly recalling her father, his death, and the mother who carried the family forward. abc's mara schiavocampo was there. >> reporter: testifying in her own defense, at her drugged driving trial, normally p
have large budget deficits, when we move out to 2018, baby boomers begin to retire if great numbees. lou: why are the republicans having a hard time remembering that it is about reducing will left of spending here? why is that difficult in that document that he put out there, in my opinion, could have come from the obama white house. >> mm-hmm, that is -- how do you curb spending overtime, that is politically unpopular there is the problem. when you talk about changing tax code, people are not go many are not going to are having happy, if they lose tax deductibility of for municipal bonds. lou: i think this document will reside to the sidelines, at the very best. lou: there is really no escaping retal. >> hunl demands to be made of federal government not too many years from now. lou: john lonski thank you, we appreciate it. >> new reports city nationwide are doing away with red light cameras. among concerns about the red lights, what they really amount to, their worth. their invasiveness, what they increase traffic accidents. usage of these cameras has fallen. by 6% since 2012. 7 st
, it would be about $660 billion. and that just covers today's deficit. >> everyone contribute to social security and everyone will take advantage of it when they hit and all the glh in the thinking of medicare. >> what we faced up to animal entitlement by letting people opt out? >> would you consider opting out of the whole system under one condition? donath the government for anything. >> we got a standing ovation. so what is wrong with that? >> i take care of myself and. >> we are doing a real-time experiment over the past couple of decades. we have been seeing the 401k programs that have been meant to type about retirement security. >> people suffer. john: this man was fired after working 35 years for the city. he had hoped to relax and travel. now at age 66, he is a security guard at the local mall. >> we put our money in every payday. >> i think that is very important as to why there should be federal programs. they're going to come and go with the economy. it used to be an industrial powerhouse. >> politicians are either good or responsible. >> i think it will have this. >> even t
. that just covers today's deficit does not touch the $30 trillion unfunded liability. >> it is the tention of the people. everody can take advantage same thing with medicare. john: what if we phase out the unsustainable entitlements letting the young people opt out? from paul propose that. >> would you consider opting out of the whole system under on condition that you pay 10 percent of your income but you take care of yourself and dn't ask the government for anything. heers and applause] john: he got a standing ovation. >> that is the liberty to star in the streets as an elderly person? >> i am responsible for myself. >> we're doing real-time experiment you can see the for a 1k programs they have been pretty much a ilure. there is a lot of the tax breaks that go to the rich. john: people have been since they can control. >> they are not saving even enough bically and it is difficult for people to save that way. peoplsuffer. a bunch of towns have already gone bankrupt one was prpritchard alabama. john: recently retired from the fire department after working 35 years. he hoped to relax and
their skill deficits up. there comes a point where i suspect that's where the viewer is. the business gets to a sign where you're not personally going to work with these people. and i'd say be very clear of what the must haves are and what do on the jobs. get three people do the interview. but move away from hiring with your gut. that's a point that all good companies. that's tough for another move, but it's vital for it. >> and how do you keep yourself because the need is so great that bring people in the office and just put, you know, people in seats to keep yourself from hiring people who aren't right simply because you need them. >> sure. that's something that we've actually just experienced. we've gone through signature growth. there are a couple of tips, i would say. one is that you can compromise on everything almost shared values. you can sometimes be blinded by one person because they're a wonderful speaker but generally someone else won't have your blind spot. so that's critical. another thing that's been successful for us it working with people in contract bases to start up. par
with good wages. at a time where deficit has been cut in half, it allows us to meet our obligations to future generations without leaving them a mountain of debt. >> republicans including john boehner called his budget the most irresponsible yet. they believe this is a campaign move that includes a whole host of issues that democrats like to campaign on on this midterm election year. this budget and the eyes of republicans and some democrats -- they are going to make some big changes. with the president has put the paper will change pretty quickly. >> thank you very much, peter cook. let's move on to media. the big story today was the entertainment network epix is joining the time warner cable family. it will be launched nationally on march 18. joining us to talk about this deal is the president and chief executive of epix, mark greenberg. also with us is jon erlichman. start usonder if you off by explaining what exactly this agreement means. has over 12er cable a half-million homes that they have access to. epix is a premium service similar to hbo or showtime or we have uncut, uned
that will be unveiled in about a week. he's going to turn away from deficit reduction, go to government spending. he doesn't call it stimulus, spending but instead calls it investment. infrastructure, highway repair issues will create jobs and help obviously in terms of rebuilding the country. the president in the blue state of minnesota rather than going to red states, more republican states where health care may be unpopular. interesting. bill clinton as you know was in kentucky trying to help out alison grimes, a democratic senate candidate trying to take the seat currently held by republican mitch mcconnell. when senate majority leader harry reid was pressed on why president obama isn't going out to red states, he had an interesting answer. >> we have one president that's been going every place and that's clinton. he's traveling around campaigning for everybody doing a great job. >> there you have the top senate democrat suggesting the former president may be a better asset right now than the current president. bottom line, though, of course, we'll see president obama, current president, raising
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